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12-18-2012 at 12:23 PM
CurlingRoc...
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s/o Preemies and taxes

Since it came up in M&M's post below and because I was just thinking about it for other reasons...

Please be advised, Preemie moms, that you can get some good tax deductions for your medical expenses if your out-of-pocket expenses meet the criteria.  I wish someone had shared that information with me before I went to get my taxes done last spring, so that I could have gotten a bigger deduction.  (We qualified, but we'd thrown away some of our receipts that we didn't realize applied.)  Here is a link to the IRS website referring to Medical Deductions:

http://www.irs.gov/pub/irs-pdf/p502.pdf


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12-18-2012 at 12:44 PM
M&MHaveMyH...
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When you claim medical expenses, you can claim the whole family's expenses, right?

DS' expenses + my L&D we paid off with our tax refund this year = a lot of money spent on bills this year.


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12-18-2012 at 12:44 PM
meganole25
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Thanks for the info. Passing along to DH who's the finance guy in the family.

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12-18-2012 at 12:57 PM
BostonKiss...
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BostonKisses2 is not online. Last active: 05-22-2013, 1:59 PMPlatinum
M&MHaveMyHeart:

When you claim medical expenses, you can claim the whole family's expenses, right?

DS' expenses + my L&D we paid off with our tax refund this year = a lot of money spent on bills this year.

Correct.

12-18-2012 at 12:58 PM
CurlingRoc...
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M&MHaveMyHeart:

When you claim medical expenses, you can claim the whole family's expenses, right?

DS' expenses + my L&D we paid off with our tax refund this year = a lot of money spent on bills this year.

If you file jointly, you should be able to.  I'm not a tax expert, just someone trying to help.  I'd also get an accountant to help with the form, even if I didn't already have one because it is kind of confusing.

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12-18-2012 at 1:15 PM
M&MHaveMyH...
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CurlingRocks:
M&MHaveMyHeart:

When you claim medical expenses, you can claim the whole family's expenses, right?

DS' expenses + my L&D we paid off with our tax refund this year = a lot of money spent on bills this year.

If you file jointly, you should be able to.  I'm not a tax expert, just someone trying to help.  I'd also get an accountant to help with the form, even if I didn't already have one because it is kind of confusing.

Gotcha. We file online so hopefully it's not too complicated.  


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12-18-2012 at 2:24 PM
Usm123
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Also know that you can call any pharmacy or dr's office and get a print out if you don't have the receipts. Get them all because like Boston mentioned you'd hate to be a couple hundred short when you really spent over the amount. Mileage is also deductible.

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12-18-2012 at 2:52 PM
M&MHaveMyH...
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M&MHaveMyHeart is online. Last active: 05-22-2013, 3:01 PMSilver

Usm123:
Also know that you can call any pharmacy or dr's office and get a print out if you don't have the receipts. Get them all because like Boston mentioned you'd hate to be a couple hundred short when you really spent over the amount. Mileage is also deductible.

Good point.

We tried to add up stuff in 2011 (year DS was born) including mileage & all that when he was in the NICU, but it wouldn't make a difference so we didn't even claim anything.

This year.. totally different. Lol 


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12-18-2012 at 7:18 PM
deedyloves...
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deedylovescake is not online. Last active: 05-22-2013, 12:38 AMNewbie
Ugh..I haven't even thought about the bills yet...I think we just started getting them from my last couple months of pregnancy. My husband is all about collecting info for tax deductions. I will pass this on to him, thanks <3!

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